Canada-US Bitcoin Dynamics: Bitfarms Expands and ETFs Face Challenges
by aria-crypto.com
March 17, 2025 at 18:57
Canada-US Bitcoin Dynamics: Bitfarms Expands and ETFs Face Challenges
Canadian Bitcoin miner Bitfarms has successfully completed its merger, significantly enhancing its presence in the US market. This expansion marks a notable step in strengthening cross-border Bitcoin operations between Canada and the US. Concurrently, US Bitcoin ETFs are experiencing unprecedented challenges, with over $5.5 billion in outflows recorded in just the past five weeks. This period of withdrawal is the longest since the ETFs were introduced in January 2024, reflecting widespread investor concerns.
These concerns stem largely from US trade policies under President Donald Trump and broader economic uncertainties, which have negatively impacted the market's view on cryptocurrencies. Despite initial support for cryptocurrencies, the rising tensions have led to a 12% decline in Bitcoin’s value this year. Major funds managed by BlackRock and Fidelity have seen substantial losses, whereas Grayscale's GBTC has experienced minor inflows.
As the situation develops, the future of Bitcoin and other digital assets within these ETF structures remains in flux, with potential changes in investor sentiment or regulatory frameworks expected. Despite these hurdles, there remains a potential for recovery, should the economic and political landscape stabilize.
Read more
>> SEC Eyes Approval for a Diverse Crypto ETF Featuring Litecoin: A Milestone for Broader Financial Integration
The U.S. Securities and Exchange Commission is currently reviewing a proposal from Hashdex, which seeks to expand its Crypto Index ETF to include a broader range of digital assets, including Litecoin. This addi...
43 minutes ago
>> CME and Solana Collaboration Ushers in New Era for Crypto Futures and ETF Prospects
The Chicago Mercantile Exchange (CME) has launched futures trading on Solana, marking a significant development in crypto financial products. This move could enhance liquidity and institutional credibility, pot...
6 hours ago
>> Crypto Dynamics Unleashed: Robinhood Teams Up with Kalshi for New Prediction Market Hub
Robinhood and Kalshi have joined forces to launch a crypto prediction market hub initially focusing on NCAA basketball tournaments. This collaboration emerges at a time when Robinhood has been taking advantage ...
>> Police Respond to Attempted Bitcoin Heist Targeting Influencer at Home
In a shocking incident this month, four teenagers assaulted influencer Kaitlyn Siragusa, known as Amouranth, in her Texas home, attempting to steal her Bitcoin. The culprits, armed and forceful, demanded the di...
10 hours ago
>> Kentucky Lawmakers Endorse Innovative Bitcoin Legislation
Kentucky lawmakers have passed HB 701, a pioneering bill that protects and promotes self-custody and mining of Bitcoin in the state. Introduced by Representatives Adam Bowling and T.J. Roberts, the bill receive...
16 hours ago
>> EU Investigates OKX Amid Allegations of Bybit Hack Fund Laundering
Amid rising scrutiny, OKX, a prominent crypto exchange, has suspended its decentralized exchange (DEX) aggregator following allegations it facilitated laundering of $100 million from the Bybit heist. European r...
>> SEC and Ripple Near Settlement, Eyeing Commodity Status for XRP Amid Legal Challenges
The legal skirmish between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be concluding, with indications that XRP may soon be regarded more seriously as a commodity. Inside sources sug...
18 hours ago
>> US Police on the Hunt for 'Bitcoin Billionaire' Suspected in Bond Fraud
In a notable development, US police have announced a search for an individual dubbed the 'Bitcoin Billionaire', connected with a fraudulent scheme involving $50,000 in bond transactions. The suspect's manipulat...
2 days ago
>> UK Bitcoin Scandal: Officer Charged with Stealing £3.2 Million Worth of BTC
The UK Crown Persecution Service (CPS) has charged a National Crime Agency (NCA) officer, Paul Chowles, with the theft of 50 Bitcoin, valued roughly at £3.2 million today. The indictment is part of the UK's ong...
2 days ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
